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Ramsey National Bank and Trust Company of Devils Lake, The

Devils Lake, ND · Cert 3914

FDIC · 6 branches

Q2 2022

$320.0MAssets
$188.6MLoans
$288.1MDeposits
$31.3MEquity
Loan mix
73%RE $97.1M23%C&I $31.0M3%Consumer $4.1MQ3 2020Q2 2022
Deposit mix
73%Interest-bearing $211.2M27%Noninterest $76.9MQ3 2020Q2 2022

Market Position · Fargo, ND-MN · 2022 SOD (annual) · 0.3% share · #25 of 31 inst. · $0.0B of $12.1B

16.1% Ramsey
9.3% Pembina
0.4% Cass
45.4% Benson

Executive Summary

  • Earnings: ROA of 0.77%, down 75 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.01% of loans (+1 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.53%, up 36 bps from a year ago.
  • Funding: loans stand at 65.46% of deposits as of Q2 2022.

Return on Assets (YTD, annualized)

0.77%-75 bps YoY

Net Interest Margin (YTD, annualized)

3.04%+8 bps YoY

Efficiency Ratio (YTD, annualized)

63.68%+1,199 bps YoY

Tier 1 Leverage Ratio

9.53%+36 bps YoY

NIM

4.34%Q2 ’203.01%Q2 ’212.99%Q2 ’22-21%+3%

Non-interest income vs. expense

2.25%Q2 ’201.74%Q2 ’212.19%Q2 ’22-11%+32%

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets2.04%1.62%1.50%1.52%1.35%1.30%0.75%0.77%-75 bps
Return on Equity14.65%11.67%11.55%11.81%10.48%10.17%6.44%7.00%-481 bps
Net Interest Margin3.79%3.45%2.84%2.96%2.97%3.02%2.77%3.04%+8 bps
Efficiency Ratio52.76%60.94%50.38%51.70%54.18%49.26%66.47%63.68%+1,199 bps
Non-Interest Burden1.75%1.89%1.27%1.37%1.46%1.29%1.74%1.81%+44 bps
Growth
Asset Growth (YoY)1.16%10.40%21.92%17.29%19.74%13.33%4.69%0.66%-1,663 bps
Loan Growth (YoY)-4.10%-10.61%-13.36%-12.54%-7.61%4.25%8.24%2.88%+1,542 bps
Deposit Growth (YoY)6.78%11.49%25.07%19.98%23.20%14.30%7.86%5.91%-1,407 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.07%0.05%0.04%0.00%0.00%-7 bps
Allowance / Loans1.12%1.24%0.00%0.05%0.33%0.55%0.57%0.66%+61 bps
Allowance Coverage of NPLs225.6x1126.0xn/an/an/a61.5x61.6x73.3xn/a
Capital
Tier 1 Leverage Ratio13.89%13.27%9.44%9.17%9.06%9.31%9.04%9.53%+36 bps
Total Risk-Based Capital13.89%13.27%9.44%9.17%9.06%9.31%9.04%9.53%+36 bps
Equity / Assets14.37%13.73%12.39%12.69%12.63%12.63%10.74%9.77%-292 bps
Liquidity & Funding
Loans / Deposits90.52%76.55%62.56%67.39%67.89%69.82%62.78%65.46%-193 bps
Liquid Assets / Assets8.55%16.76%15.68%4.94%3.21%0.09%3.62%1.36%-358 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a